After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Oregon corporations.
Oregon corporations must keep the following items with their corporate records at their principal office:
- The Articles of Incorporation and any amendments
- Bylaws or restated bylaws and any amendments
- Permanent records of minutes of director and shareholder meetings
- Permanent records of actions taken by the shareholders or directors without a meeting or by a committee of the board of directors in place of the board of directors on behalf of the corporation
- Resolutions by the board of directors creating one or more classes or series of shares and fixing their relative rights, preferences and limitations
- An alphabetical record of shareholders including their names and addresses and listing the number and class of shares held
- Written communications to shareholders for the past three years
- A list of names and business addresses of current directors and officers
- Most recent annual report
Corporate taxes and fees
The following are taxation requirements and ongoing fees for Oregon corporations:
- Annual report. Oregon requires corporations to file an annual report on or before the anniversary date of the incorporation. The filing fee is $50.
- Taxes. For complete details on state taxes for Oregon corporations, visit Business Owner's Toolkit or the State of Oregon.
- Federal tax identification number (EIN). An EIN is required for corporations that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
- State tax identification number. Oregon does not require a state tax identification number.
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
S corporation election
Oregon recognizes the federal S corporation election and does not require a state-level S corporation election.
Additional Oregon information
View the following additional resources BizFilings has for forming and maintaining companies in Oregon:
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